The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area.

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8/08/2007
UK "Investigative Firm" in Hot Water
A UK based investigative firm is trouble for failing to perform contracted services. According to this press release, Advance AIT Limited and is under investigation by the Companies Investigation Branch of the Insolvency Service. According to the CIB investigation:
"...Advance AIT relied on misleading promotional material and a false reference from a customer stating that it had recovered the sum of £9,000 for that customer. Advance AIT continued to trade despite being insolvent, to the detriment of customers and other creditors and owed £323,146 to its creditors. During the winding up proceedings the court heard that Advance AIT Limited conducted business in way that was inherently objectionable and detrimental to members of the public."
Egads! More here.

-- MDT

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